New corporate governance code for institutional investors being discussed.

Byline: Sanchia Temkin

New corporate governance code for institutional investors being discussed SANCHIA TEMKIN Professional Services Editor A NEW corporate governance code that recommends principles and guidelines for institutional investors is on the cards.

Lindie Engelbrecht, CE of the Institute of Directors, said yesterday the institute was discussing a code of corporate governance with other stakeholders for institutional investors. South African shareholders are generally complacent and need to be more active, Engelbrecht told a media briefing in Sandton.

At the stage of drafting the third King report on corporate governance, the issue of a code for …